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Saracen Mineral Holdings Ltd.
Summary
| Project: | Thunderbox | |
|---|---|---|
| Deposit: | D Zone, Otto Bore | |
| Location: | Australia | |
| Commodities: | Gold-Nickel | |
| Date: | 5/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-5-2018: Saracen Mineral Holdings Ltd. announces an Exploration/Drilling Update report for its D Zone, Otto Bore deposit at the Thunderbox project. Drilling results incl. 20m @ 8.54g/t Au from 33m. Saracen Managing Director Raleigh Finlayson said extensi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Howe (Internal) | |
| ABSTRACT: | Saracen Managing Director Raleigh Finlayson said extensional drilling programs at both of the Company’s key operational centres continued to demonstrate the exceptional growth potential close to its existing mills. “The latest results show that our organic growth strategy is firmly on track and, in fact, gathering momentum on a number of fronts. We are ramping up our exploration efforts, drilling out a host of targets ranging from immediate extensions to known deposits to mine corridor anomalies targeting new discoveries. Drilling at Carosue Dam has continued with three diamond rigs operating at Karari and Whirling Dervish. Since the last exploration update in February (see ASX announcement, 15 February 2018), all three rigs were stationed at Whirling Dervish during March, with one rig mobilised back to Karari in early April. During the current quarter, the focus will be on defining the recently identified extensions, targeting Ore Reserve growth and additional mine life. Drilling from the 2070 drill drive has continued, testing the down-plunge position of the known high-grade shoots in the north of the mine. Recent results (Figure 1) continue to demonstrate the strength of the Karari system, with further thick, high-grade mineralisation identified. Outstanding results include 19.1m @ 6.2g/t and 12.3m @ 8.9g/t. | |
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